News

CANADA: Molson Coors Kaiser talks ongoing

Most popular

Pernod is back in Kentucky, but why did it leave?

The opportunity for no-alcohol in the on-premise

Which drinks companies will be hit by cool weather

How should adult soft drinks be sold to consumers?

Anheuser-Busch InBev Performance Trends 2014-2018

MORE

Molson Coors is still in talks with possible buyers for Brazilian arm Kaiser.

Speaking to local press yesterday (12 December), Molson Coors CEO Leo Kiely confirmed that talks were ongoing with potential buyers of the Brazilian subsidiary.

"We've been in discussions now with a few key players, talking about our strategic options," Kiely said. "We'd like to stay in Brazil, if we can find a winning way to do it," he added.

Speculation in recent months has linked Heineken, which holds a 20% stake in the brewer, with Kaiser. Brazilian press reports have also suggested that Mexican company FEMSA may also be interested.

Molson Coors bought its 80% stake in Kaiser in 2002 for US$765m, but the unit has proved problematic. Molson Coors ceased investing in the Brazilian brewer in May this year, Kiely saying at the time: "I have instructed our management team to do two things. The first is to operate the Kaiser business on at least a cash break-even pace, on an operating basis. The second is to explore a full range of options for Brazil."


Sectors: Beer & cider

Companies: Molson Coors, Heineken

Related Content

Molson Coors denies cannabis link to Canada beer volumes drop

Molson Coors denies cannabis link to Canada beer volumes drop...

Molson Coors can take heart from Q1 silver linings - Analysis

Molson Coors can take heart from Q1 silver linings - Analysis...

How did Molson Coors perform in Q1 2019? - results data

How did Molson Coors perform in Q1 2019? - results data...

Molson Coors calls for transparency in aluminium price setting

Molson Coors calls for transparency in aluminium price setting...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?